You catch more flies with honey Navios Holdings ups the ante in effort to buy back $170m of preferred shares
How to close the safety loophole over iron ore fines Deceitful shippers have been evading regulations covering a potentially dangerous liquefying cargo. A more definite test is needed
Cyprus poised to create new shipping deputy ministry Sector welcomes big step towards a key, longstanding goal
Tankers markets face more volatility as Opec and shale players could renew price wars Cartel's talk of cut in output lifts oil price above $50 but US producers are also back in game
Chrysostomou takes chief executive's job at Transmed in Cyprus Former shipping official and MEPC chairman emerges at Charalambos Mylonas-led dry bulk group
Could Rickmers be the next Hanjin? Rickmers share purchase highlights German owner's financial worries, while looming junk bond and bank loan repayments seen as potential flashpoint
'Cheap' fuel oil to drive shipping for decades Despite pressure on shipping to cut CO2 emissions, industry will still be largely fuelled by hydrocarbons, research from Lloyd's Register finds
Supramax sentiment softens in Pacific Limited coal cargoes dampen rates
UK seafarers need better training and information to make it ashore Report highlights need for better preparation before return to shore
K+N profits slip as low rates erode ocean margins Sea freight volumes rose 4.5% in third quarter, but gross profit per teu fell 4.4%, while air volumes and margins improve for Kuehne+Nagel
Product tanker earnings boosted by US hurricane and Asian naphtha flows Colonial Pipeline to undertake further repairs, likely to lift MR tanker demand
Teekay Tankers 'entirely focused' on mid-size tanker sector As US listed tanker owner continues to shed non-core assets, industry asks what is the fate of the VLCC in which it holds a 50% stake?
Teekay LNG to raise funds in Norwegian bond market Proceeds will be used to refinance bonds, fund newbuildings, and for general purposes
STX Offshore assets sale edges closer Sale notice delayed to give creditors more time to review the shipbuilder's reorganisation plan
Westbound transatlantic rates 'under pressure since September' Flat initial figures for last month suggest a boom in August westbound volumes was probably short-lived
Unlocking feeder potential A 'hidden value pool' in the feeder sector breeds cost saving opportunities for struggling box lines
Hanjin Xiamen arrest appeal dismissed by South Korean court Hanjin considering further legal measures in light of the court overturning its appeal
HHLA on hand for $1.9bn Chittagong expansion Hamburg operator part of trio assigned by Chittagong Port Authority to carry out a feasibility study into Bay Terminal project
Asian refinery return boosts VLCC spot trade Shell, Day Harvest, Unipec and Glasford were the charterers hiring the big tankers to haul Middle Eastern cargoes to China's refineries
Safety in numbers While container lines might be in a fight to the death battle for commercial survival, when it comes to safety they are joining forces to co-operate and share information
HHI heralds 'generation change' at the top 'Generation change' will enable HHI to handle the industry crisis and carry out its new self-rescue plan
Seaborne coal export weakness to persist BMI Research says Russia and Colombia expected to ramp up production to rebalance the seaborne coal market
Rickmers Group sells Rickmers Trust Management to Brick Holding Brick Holding ultimately owned by Rickmers Trust chairman
Teekay LNG raises $110m in bond drive New York-listed LNG carrier and tanker owner to use Oslo bond cash to refinance existing bonds and pay for newbuildings.
ICS calls proposed BC crude ban 'draconian' Plans to establish moratorium on crude shipments in north of Canadian province raises freedom of navigation concerns.
Adnoc unveils plans to merge shipping units Abu Dhabi National Oil Co planning to put tanker, gas carriers and offshore vessels into single fleet.
ICS calls proposed BC crude ban 'draconian' Plans to establish moratorium on crude shipments in north of Canadian province raises freedom of navigation concerns.
Granadino crew 'using salt for brushing' teeth Crew aboard NewLead bitumen tanker await word on engine repairs and repatriation.
Flinter Shipping forced into receivership Dutch owner faces uncertain future as ING refuses to renew financing for nine ships.
Navios sweetens pot for preferred share swap New York-listed shipowner raises cash payout by nearly 23% to buy back shares from investors.
Nasdaq boots out Ultrapetrol Restructuring South American owner loses appeal to keep its US listing.
OPDR optimizes European network CMA CGM subsidiary enhances its portfolio with new service to Norway and the UK.
Hanjin Shipping brace heads for breakers Troubled shipowner sees last 1990s built dry cargo vessels depart.
UK Coastguard rescues seafarer Dramatic footage shows how an injured seaman is brought to safety.
Capesize spot rates slip further back
Island Offshore expects more layups Norwegian owner sees no hope on horizon for PSVs over the next few years.
Drewry: container market to recover But only a gradual improvement expected after shock of Hanjin's demise fades.
Bahri profit slips as tanker rates fall But Saudi national owner still ahead of 2015 over nine months despite Q3 drop.
HMM weighs up offer for Hanjin unit South Korean shipowner has an eye on compatriot's Asia-to-US operation.
Hanjin bulker brace heads for breakers Troubled shipowner sees last 1990s built dry cargo vessels depart.
Maersk defends Alang scrapping plan Danish conglomerate reaffirms decision to scrap in India after local media's investigative report.
Teekay LNG turns to Oslo bond market Move comes a month after preferred equity issue.
Rickmers bound for bond showdown Singapore-listed containership lessor says deal to restructure bond is the best it can realistically do.
Chemical tanker fights off pirate attack Nigerian gunmen thwarted as guards fire shots and seafarers retreat to safe room.
South Korean bunker strike ends Seven-day action ended in the south as operators strike deal with refiners.
SeaBird deploys survey ship in Belize Oslo-listed owner heading to Central America for seismic job.
RMT set for bondholder showdown Singapore-listed containership lessor says deal to restructure bond is the best it can realistically do.
Ezra seeks second covenant waiver Company looks to take preventative action in event of Perisai Petroleum Teknologi bond failure.
GTT reports rise in nine month revenue But company says new orders are being restricted by "wait-and-see" attitude of charters and operators.
Swissco cash shortage linked to idle jack-ups Collapse of four rig deal with Pemex said to be huge cash drain on Singapore offshore company.
Safe Bulkers stocks up on share sale ammo New York-listed bulker owner files shelf registration for up to $200m in share sales.
MSC offers Maple service without Maersk MSC said it will offer its transpacific "Maple" service on its own instead of as a2M Alliance offering with Danish carrier Maersk Line. On ...
OPDR launches short-sea service to U.K., Norway CMA CGM's Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) has introduced a new short-sea liner service that connects Rotterdam to the...
NYK, Bolloré form auto-handling joint venture in Kenya Japanese liner carrier NYK has entered a joint venture with Bolloré Transport & Logistics Kenya Ltd. and Toyota Tsusho Corp. to set up ...
WFS to handle Pakistan airline's U.K. cargo Worldwide Flight Services (WFS) has entered a three-year contract to provide cargo-handling and trucking services for Pakistan Internationa...
MSC sells interest in Aprile to Savino Del Bene Mediterranean Shipping Company (MSC) has sold its interest in the Genoa, Italy-based logistics company Aprile to Florence-based forwarder S...
Port of Virginia container growth continues in September The Port of Virginia continued to grow its container cargo volumes in September following a record setting month in August, according to da...
K + N posts Q3, first nine-month results Kuehne + Nagel (K + N) reported Tuesday its net profits for the third quarter of 2016 slipped 4.8 percent year-over-year to 177 million Swi...
Intermodal rates see slight 'reprieve' in September Intermodal rates continued to fall in September 2016 compared to the same month last year, albeit at a slower rate than in prior months, ac...
KCS Q3 earnings slip amid falling volumes, revenues Kansas City Southern (KCS), a transportation holding company that owns the Kansas City Southern Railway Company, Kansas City Southern de Mé...
J.B. Hunt's earnings slip amid higher revenues J.B. Hunt Transport Services, Inc. posted net earnings of $109.4 million for the third quarter of 2016, a 5 percent drop from the third qua...
FedEx to expand capacity at Paris airport hub FedEx Corp. plans to expand the capacity of its airfreight logistics hub at Paris Charles de Gaulle Airport (CDG) by as much as 40 percent,...
DB Schenker, Lufthansa Cargo on track with goal to reduce carbon emissions Logistics service provider DB Schenker and Lufthansa Cargo, the logistics unit of German airline Deutsche Lufthansa AG, said they are well ...
ZIM has become a global niche carrier, CEO says ZIM has become a "global niche carrier," said Rafi Danieli, chief executive of the Israel-based container carrier. We concentrate on speci...
Commentary: Procurement shouldn't be like doing taxes Let's start with a theory. Assume for a second that the actual act of transportation procurement isn't insanely time-consuming and rigorou...
FMC reviews 25 OTI license applications The U.S. Federal Maritime Commission (FMC) has received 25 ocean transportation intermediary (OTI) license applications and changes for rev...
LNG sector ready to meet shipping industry demand: SEA/LNG The IMO's 70th Marine Environment Committee is meeting October 24-28 to decide whether to implement a global sulfur cap of 0.5% in marine fuel in 2020 or 2025.
Freight recovery limits global arbitrage opportunities for jet fuel One Singapore-based trader said the opportunity to move cargoes from northern Asia to the US West Coast is now "barely viable" given the rises in freight rates recently.
Oil complex strengthens as technical sign points higher NYMEX November crude settled 35 cents higher at $50.29/b. The more liquid December contract settled up 25 cents at $50.62/b. ICE December Brent settled up 16 cents at $51.68/b.
Poor weather conditions in Black Sea delays Urals, CPC loadings: traders Novorossiisk port has been closed since yesterday midday due to strong northeasterly winds.
OPEC dispute over secondary source production estimates 'not a problem': Barkindo
External: Wired Bunkering
TANKERS: Key Asian Aframax rates hit w100 for first time in 4 months Market sources said sentiment held firm as there was limited tonnage left in Southeast Asia for any outstanding end-October cargoes.
External: Marine Bunkering(Rotterdam)B.V.
External: Global Risk Management
Kuwait oil minister sees oil prices in "logical" $50-$60/b range OPEC members had agreed in Algiers to limit production to between 32.5 million b/d and 33 million b/d, which means a cut of as much as 700,000 b/d compared with August's production.
FUTURES: Crude rises on weaker dollar, rebalancing hopes
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